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JTEKT ( (JP:6473) ) has shared an update.
JTEKT Corporation has detailed its relationship with Toyota Motor Corporation, which holds 24.3% of JTEKT’s voting rights and is classified as an other affiliated company, underscoring Toyota’s role as both key shareholder and major customer. Transactions with Toyota, including sales of automotive parts and machine tools totaling ¥391.8 billion and purchases of raw materials and parts of ¥111.0 billion in fiscal 2026, highlight the financial significance of this tie-up.
The company acknowledged that its performance is sensitive to sales trends within the Toyota Group, given that group-related business accounts for more than two-fifths of revenue, but emphasized that pricing is negotiated annually on standard commercial terms. JTEKT also stressed its operational independence by pointing to its wide dealings with other automakers and its own management strategy, while leveraging a Toyota executive on its board to support sustainable growth and new business development.
The most recent analyst rating on (JP:6473) stock is a Buy with a Yen1400.00 price target. To see the full list of analyst forecasts on JTEKT stock, see the JP:6473 Stock Forecast page.
More about JTEKT
JTEKT Corporation is a Japanese manufacturer of automotive parts, machine tools and related products, listed on the Tokyo and Nagoya stock exchanges. The company serves a broad base of automakers but has a significant commercial relationship with the Toyota Group, which represented 42.7% of JTEKT’s consolidated revenue in the fiscal year ended March 31, 2026.
Average Trading Volume: 1,198,381
Technical Sentiment Signal: Buy
Current Market Cap: Yen535.4B
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